The proceeds from the fresh issue will be used to augment the capital base to meet the future capital requirements of the NBFC.

As of 28 February, IndoStar Capital Finance conducted its retail operations through 71 branches across India.

The NBFC’s cumulative loans disbursed since the commencement of operations amounted to Rs22,593 crore, as of 31 December 2017.

For the nine-month period ended 31 December 2017, IndoStar Capital Finance reported total revenue and net profit of Rs585.95 crore and Rs164.08 crore, respectively.

In 2016-17, the NBFC reported a total revenue of Rs719.92 crore, up 11.8% from the previous year, according to its red herring prospectus. The lender’s profit rose by 10% to Rs210.8 crore in 2016-17 from a year earlier.